CNP Assurances issues different types of subordinated liabilities that are an important component of its capital management policy. The Group's financial flexibility is based on the strong track record of access to debt capital markets. CNP Assurances constantly seeks to diversify its investor base in terms of geographical areas and currencies, as evidenced by the bonds issued in EUR, USD and GBP.
Finally, CNP Assurances has issued its inaugural green bond in November 2019.
The Group regularly adjusts its capital structure taking into account growth prospects in Europe and Latin America, Solvency 2 capital requirements, Moody’s and Standard & Poor's rating agencies criteria and the opportunities offered by capital markets.
Restricted Tier 1 transaction – March 2021
Subordinated liabilities issues
To read the main features of the subordinated liabilities issued by the CNP Assurances group, please download the document below. For more details, please refer to the latest annual report.
Download the table of subordinated liabilities issued by CNP Assurances
Subordinated liabilities redeemed
To read the main features of the subordinated liabilities redeemed by the Group after supervisor approval, please download the document below.
Download the table of subordinated liabilities redeemed by CNP Assurances
EMTN Programme 2021
EMTN Programme 2020
EMTN Programme 2018
The base prospectus of the €7 billion Euro Medium Term Notes programme received visa from the Autorité des marchés financiers on 21 December 2018.
|EMTN Programme 2018|
|Base prospectus 2018|
|Reference document 2018|
|1st supplement (2019-06-06) to the 2018 base prospectus|
|2nd supplement (2019-06-20) to the 2018 base prospectus|
|3rd supplement (2019-06-28) to the 2018 base prospectus|
|4th supplement (2019-11-15) to the 2018 base prospectus|